- Kiyosaki dismisses Bitcoin crash fears, plans to buy more if prices drop.
- He warns the U.S. dollar lost 95% purchasing power, hurting savers.
- Bitcoin seen as a hedge, with $1 million price target within a decade.
Financial author Robert Kiyosaki, who now uses his massive platform to champion Bitcoin as the ultimate antidote to what he calls “fake money,” has doubled down on his position. In a message that directly challenges market pessimists, Kiyosaki stated he is not only unafraid of a Bitcoin crash, he is actively hoping for one.
“CLICK BAIT Losers keeps warning of a Bitcoin crash,” he wrote in a recent post on the social media platform X. “They want to frighten off the speculators. I hope Bitcoin crashes. I will only buy more. Take care.” This defiant statement reaffirms his unwavering confidence in Bitcoin as a long-term investment, regardless of short-term volatility.
Kiyosaki’s Real Target: The ‘Fake’ U.S. Dollar
Kiyosaki’s bullish stance on Bitcoin is rooted in his deeply bearish view of the U.S. dollar, which he frequently describes as “fake” money. His core argument is that the true financial risk is not a Bitcoin crash, but the steady, guaranteed decline of the dollar’s purchasing power.
According to Kiyosaki, the U.S. dollar has lost approximately 95% of its purchasing power since his youth. He highlighted rising prices for everyday goods, such as food, and noted that many fail to connect these increases with the diminishing value of their savings.
Related: Robert Kiyosaki Uses a George Washington Quote to Argue for Bitcoin
This narrative aligns with one of Kiyosaki’s well-known financial principles: “Savers are losers.” He uses this principle to argue that holding cash in traditional bank accounts exposes individuals to inflation risk, weakening their wealth over time.
A Bet on Bitcoin to Hit $1 Million
In contrast to holding cash, Kiyosaki views Bitcoin as one of the ultimate long-term hedges against this systemic risk. In a tweet dated July 1, he confirmed he had recently purchased more Bitcoin, reiterating his belief that the cryptocurrency could reach $1 million per coin within the next decade.
Kiyosaki framed Bitcoin not just as a speculative asset but as a hedge against systemic risks he believes in the current financial system, which he characterizes as favoring debt accumulation and penalizing savers.
Related: Kiyosaki Picks Bitcoin Over Gold to Hedge U.S. Dollar Decline
Moreover, Kiyosaki’s stance continues to impact a group of investors who view cryptocurrencies as alternatives to traditional fiat currencies.
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